Oman
Oman will accelerate its diversification strategies
Oman's sovereign wealth fund is playing a key role in diversifying the economy from its reliance on hydrocarbon revenues
OmanTourism will grow in economic importance in Oman
Tourism numbers have recovered strongly from their 2021 low, driven by proactive government policies
OmanDebt issuance will be strong in the Gulf states
Government related debt issuance in the Gulf states has been strong in 2024, led by Saudi Arabia
Gulf statesMediation by the Gulf states will increase
Oman, Qatar and the United Arab Emirates are increasingly mediating in regional and global conflicts
Gulf statesOman will lead Middle East in green hydrogen progress
Rapidly draining hydrocarbon reserves are pushing Oman's green hydrocarbon strategy
OmanOman's LNG exports will increase as oil plateaus
Waning crude reserves, gas sector optimism and decarbonisation trends underpin the government’s oil and gas policies
OmanGulf states’ non-oil growth will depend on oil income
The Gulf states are attempting to diversify their economies by building up their non-oil private sectors
Gulf statesEconomic reforms will boost Omani employment
Fiscal pressures and youth unemployment have galvanised efforts to nationalise the workforce
OmanOmani fiscal plans will depend on social impact
Positive economic trends will give the government space to build the country’s long-term fiscal resilience
Oman
